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News about Mortgages:
Recent foreclosures filed in Madison County - TelegraphThese are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the defendant, property address and date of court filing. Oct. 14 08CH1209: Kevin Alexander, Angela Alexander and Madison ...
Montreal wants MLS, ‘but not at any price’ - Sports Business JournalMLS’s expansion fee of $40 million per team has been met with resistance by cities bidding for one of two expansion teams being awarded by the league. Montreal’s unwillingness to commit to that price played a major role in the league’s ...
Other Articles in this Category - TelegraphRecent foreclosures filed in Madison County Recent foreclosures filed in Madison County 08CH1010: Wells Fargo Bank NA vs. Terry D. Ottinger, Cathie Ottinger, Midland States Bank, Roger L. Vetter, Wells Fargo Home Mortgage Inc., Overhead Door Co. of ...
Cellini: state Capitol's quiet captain of clout - Chicago Sun-TimesOutside the state Capitol, William Cellini is just another businessman. Inside, Cellini is one of the most powerful people in state government, a man who has built a personal empire worth at least $ 50 million through his ties to the governor's ...
Official: Homeless ranks rising - Martinsville BulletinAlthough Henry County and Martinsville may not have a “guy living under a bridge,” the area does have its share of homeless people, many of whom are only passing through. Salvation Army Capt. Orville Chambliss said the term “homeless” brings ...
People On the Move - St. Louis Business JournalKathy Dickmann was promoted to club services officer at The Bank of Edwardsville. Kim Vosholler was promoted to retail operations supervisor at its Highland Center. Premier Bank added Carol Garske as residential mortgage lender. Tim Weinhold was ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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